gippsland limited shares up 22%

Gippsland Limited (ASX: GIP) shares have risen 22.2% today to close at $0.011 with about 2.9 million shares changing hands.

Production from the company’s Abu Dabbab tantalite, tin and feldspar project in Egypt is expected to start in March due to delays in equipment, construction and commissioning issues.

The company had in late February started commissioning of the Spiral Plant for its Abu Dabbab tantalite, tin and feldspar project in Egypt.

While the locally sourced HDPE tailings discharge pipeline failed repeatedly and had to be replaced, the plant was successfully wet commissioned.

HPC tailings materials were also found in January to be contaminated by occasional stones entrained by the contractor during movement from the HPC circuit to stockpile.

This required the design of a wet screening circuit.

The nominal capacity of the Spiral Plant is 50 tonnes per hour or 30,000 tonnes per month at around 85% availability, allowing it to produce between 50 to 55 tonnes of tin contained in concentrate per month.



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